Looking for clarity

Confusion over the clarity of mortgage payment protection insurance (MPPI) products continues this month following the Financial Services Authority's paper stating that the product is in fact meeting the regulator's compliance rules. How these policies are sold was criticised however, which once again calls into question the advice being given in the market and highlights the confusion among consumers regarding the different types of protection products on the market. This latest development will no doubt reignite the debate over whether income protection (IP) is a more suitable product...